Cost of Living Adjustments - NYC
Hypothetical: let's say you live in a city that is about average in terms of cost of living (index = 100). What sort of pay increase would you need to move to NYC?
I currently live in a city with an average cost-of-living and have the opportunity to move to NYC within my firm. Total base + bonus is about $100,000 currently in "average cost-of-living city" which provides plenty of discretionary income in my current locale.
I really want to move to NYC for the near-term experience but I also don't want to feel as though I am poor there. Willing to live in an average place in an average neighborhood. Could use some direction on what sort of pay adjustment I should seek as I will likely be low balled. How bad are taxes in NYC (I hear they are pretty onerous)?
Appreciate your thoughts! |